The recently published 18th edition of Global Risks report 2023 predicted that Pakistan is on the ‘brink of collapse’.
Another failed state! Population in 1950 about 40 million, now 240 million and rising rapidly.
Asia’s Venezuela perhaps?
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The population in 1950 does not count. As the Muslim partition of the subcontinent happened a migration happened. The size of the country is less the problem. The government has often been the problem.
Some people only care about themselves regardless of what they are saying.
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Just what we need another unstable country with nuclear weapons.
Andy
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Pakistan has always been unstable.
The only consistent thing is competing with India.
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No kidding. First the USA and now Pakistan. Who is next? Russia?
—channeling anymouse
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Canada as a country is stable but the Canadians are on edge.
Canadians are never really on edge but they do want to build a wall on their southern border to keep out the trash.
Andy
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Yeah there are times where the Mexicans and Canadians want to pay for a wall. We can drive them to it. Just a few more efforts.
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Yep that tis true
Andy
“The sector leads the northern border in illicit border crossings, whose agents continue to see a record number of foreign nationals illegally entering upstate New York, Vermont and New Hampshire after flying to Canada from at least 19 countries…In December, Border Patrol agents apprehended more people than ever before, 441…”
Of course, minuscule numbers compared to the quarter-million apprehended in the month of December.
DB2
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Currency collapsing
Discussions with the IMF on going
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The cause of Pakistan’s troubles - and it’s exactly where we in The West are heading:
Haven’t people been saying that Forever? I have been hearing that mantra since I can remember and I have been burying people that have said that there whole life and yet here we are.
Andy
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It depends on the currency you use vs. the currency you borrow against. if you own the world’s reserve currency you just print yourself out of debt — those who cannot print dollars are screwed.
The Captain
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At a minimum, you at least need to have the debt denominated in your own currency. The article made it sounds like Pakistan’s debt is denominated in dollars. Greece’s inability to devalue its own currency basically ruined their economy.
It also matters who you owe the debt to. The largest holder of U.S. debt is…the U.S. government. By a large margin, too.
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